Blur reveals additional 300M token airdrop to loyal users

Share This Post

Non-fungible token (NFT) marketplace Blur said it would distribute additional 300 million tokens to loyal users during the second season of its airdrop.

Blur previously airdropped 300 million tokens to its early users on Feb. 14.

How to qualify for Blur’s “Season 2” airdrop

The marketplace said the “Season 2” of its airdrop would incentivize loyalty amongst its users.

According to Blur, users would get a 100% loyalty score if they don’t have listings anywhere else. It added that users who list blue chips NFTs or more active collections on its platform could score 100%.

Meanwhile, users can further boost their chances with other activities, which include interacting with Blur’s social media posts.

Blur warned:

“Don’t try to game the system. Relisting NFTs at unrealistic prices, sybiling, or listing dead collections won’t help.”

Blur usurps OpenSea

OpenSea, which previously controlled around 80% of the market, has recently lost its dominance to Blur.

For context, Blur’s trading volume has beaten that of OpenSea in the last 24 hours and, by extension, over the past week and month, according to available data.

DappRadar data shows that Blur’s trading volume in the last 24 hours was $108.08 million, while OpenSea recorded $19.27 million. Over the past 30 days, Blur’s volume has grown by 117% to $894.48 million, while OpenSea’s increased by 12% to $433.15 million.

While OpenSea recently introduced new measures to regain its market share, analysts said Blur’s new loyalty score initiative disincentivizes users from other NFT platforms.

Besides that, Blur surpassed decentralized applications like Uniswap to be the top ETH burner. The marketplace also played a role in NFT’s gas usage, rising to 27% of ETH’s total gas consumption.

Blur’s native token is trading at $0.956 after a 22% drop in the last 24 hours, according to CryptoSlate’s data.

The post Blur reveals additional 300M token airdrop to loyal users appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Australia Sets New Rules: Crypto Firms Must Obtain Financial Licenses

Australia is taking considerable measures to regulate the cryptocurrency business, with the goal of improving consumer safety and reducing fraudulent activity Related Reading: Digital Assets On The

Ex-Alameda CEO Caroline Ellison Receives 24-Month Sentence

On Tuesday, Sept 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes The courtroom banned

Popcat Climbs By 35% – $1 Target Within Reach

Popcat (POPCAT) is spearheading the movement to bring attention to Solana’s memecoins Many of these projects are proving the critics wrong, despite others doubting their “shelf

Polymarket sees surge in daily volume and users amid token launch speculation

Polygon-based prediction market Polymarket’s daily trading volume surged 575% on Sept 23, according to data from Dune Analytics’ dashboard created by user rchen8 The spike in volume comes

Economist Jim Rickards: Fed’s Narrative Is Wrong, Recession Coming

Jim Rickards, a renowned economist and author of several best-selling books, has explained that the recent Federal Reserve 05% interest rate cut shows that the institution has fallen behind the curve

Binance leads the pack with $100 trillion in all-time trade volume

Binance has surpassed a major milestone, processing over $100 trillion in crypto trades since its 2017 launch The achievement was shared by CEO Richard Teng in a post on the X platform on Sept 24,